Choosing Between a Mid-Tier Private Equity Internship and a Lucrative Fortune 500 Tech Sales Job - Need Advice!
Hey everyone,
I'm facing a bit of a dilemma here, and I could really use some guidance. I've received an internship offer from a mid-tier private equity firm, which would be a great opportunity to learn about finance and investments, but it's unpaid. On the other hand, I have a full-time job offer from a Fortune 500 tech company in tech sales, with a salary that's five times higher than the private equity internship.
I'm really torn between gaining valuable experience in finance through the internship or securing financial stability with the tech sales job. I'm passionate about both fields, but they are quite different career paths.
Has anyone been in a similar situation or have any insights to share? What factors should I consider when making this decision? Any advice would be greatly appreciated!
Hey there,
This is indeed a tough decision to make. On one hand, you have an opportunity to gain valuable experience in the finance sector with the private equity internship, and on the other, you have a lucrative job offer in tech sales.
If you're leaning towards a career in finance, the private equity internship could provide you with the necessary skills and experience. It could also open doors for you in the future, as having a private equity firm on your resume is quite impressive. However, it's unpaid, which could potentially strain your finances.
On the flip side, the tech sales job offers financial stability and a chance to work in a Fortune 500 company. This could also be a great opportunity, especially if you're interested in the tech industry.
Ultimately, the decision depends on your long-term career goals. If you're more interested in finance, the private equity internship might be the way to go. If you're more inclined towards the tech industry, the tech sales job could be a better fit.
Remember, there's no right or wrong choice here. It's about what aligns best with your career goals and personal circumstances. Good luck with your decision!
Sources: Two Internships Don’t Equal a Job: My journey from an NGO to a VC, Goldman Sales & Trading vs. BCG -- Sophomore Internship, Torn between two job opportunities
In the long run both PE and tech sales will provide more than enough financial stability so I would focus more on what you actually want to do. Being an investor vs doing sales are two very different jobs and I’d focus a lot more on which of the two you can see yourself doing long-term vs focus on short-term.
What's the pay and commission structure like for the tech sales job? How does it scale as you progress upwards?
You have to watch out with tech sales. Many times there can be a very limited amount of upwards mobility. You might start out making 300k but 6 years after that you might be making relatively the same. The issue is quotas as well, you suffer from success and have new pressures put on you every time you do well. However, if the company has a very fair compensation structure and you know there is room to grow, it might make for a great career. Just watch out and make sure the company doesn't burn through salespeople.
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